Pub for sale

The Bolton Arms, Hargill Lane Redmire Leyburn, North Yorkshire, United Kingdom, DL8 4EA

Under Offer £545,000

Property Description

Commercial information

  • Business for sale

Key features

  • Iconic Country Inn with Bar & Restaurant
  • Five en suite letting bedrooms
  • Consistent Net Turnover of c. 500,000
  • Adjusted Net Profits c. 67,000
  • Yorkshire Dales National Park location
  • Beer Garden & Car Parking. Energy Rating D

Full description

Tenure: Freehold

Description

The Bolton Arms is a traditional Yorkshire Dales pub and has been the only pub in Redmire for the last 10 years.

Benefitting from multiple income streams by offering home cooked food, real ale and five very well appointed en suite letting bedrooms, the business remains robust.

On site car parking and the south-facing trade garden with exceptional views, further add to the appeal.

Location

The village of Redmire sits on the eastern edge of the Yorkshire Dales National Park in Wensleydale and is easily accessible via the A684 which links to the A1(M). The famous Aysgarth Falls are located in the neighbouring village to the south-east and the popular market town of Leyburn is just five miles east.

Internal Details

The ground floor comprises two main trading areas in the bar and restaurant which combined offer c. 50 covers.

Ancillary space includes a modern commercial grade catering kitchen, beer cellar and customer toilets. Additional storage is provided externally in various capacities.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.

Letting Accommodation

Two en suite letting bedrooms are contained within an extension to the original building at first floor level. Accessed via an external staircase these rooms benefit from an external terrace with south facing views.

Adjacent to the main building a self contained block offers an additional three, modern and immaculately presented en suite letting bedrooms with access to the rear garden.

External Details

The enclosed garden, which has unopposed views over the Dales, can be accessed directly from the dining room and is often utilised as an extension of the trade space during the summer months. Five picnic tables offer additional seating at the front of the property.

There is parking for six cars to the front and a further three to the rear.

Owner's Accommodation

There is a self contained, two-bedroom flat above the bar and restaurant, the former owners accommodation is currently used as office and storage space as the owners reside elsewhere in the village, however, this could be reinstated as owners accommodation following some refurbishment.

The Opportunity

The Bolton Arms presents an ideal opportunity for an owner-operator to take on an incredibly well established and consistently profitable concern. The picturesque, National Park location means there is an idyllic lifestyle opportunity, as well as a chance to build on and improve current trade.

Staff

The business is currently owner operated by a husband and wife team with a complement of full and part time staff. A full schedule of employees can be provided on request.

Trading Information

The business' net turnover for year ended 31st March 2017 was £520,004 producing adjusted net profits of c. £67,000. Significant cost savings could be made for a more hands-on operator.

Business Rates

The Rateable Value is £36,750 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority. Please note our client has informed us that the business is eligible for rural rate relief.

Regulatory

Premises License


More information from this agent

Nearest station

  • Leyburn (4.5 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest station

  • Leyburn (4.5 mi)
Distances are straight line measurements from centre of postcode

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